Disclaimers

Backtested Results Disclaimer: 

The performance indicated for the model portfolios is back-tested. Back-tested performance is NOT an indicator of future actual results. There are limitations inherent in hypothetical results particularly that the performance results do not represent the results of actual trading using client assets, but were achieved by means of retroactive application of a back-tested model that was designed with the benefit of hindsight. The results reflect performance of a strategy not historically offered to investors and do NOT represent returns that any investor actually achieved. Back-tested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Back-tested performance is developed with the benefit of hindsight and has inherent limitations. Specifically, back-tested results do not reflect actual trading, or the effect of material economic and market factors on the decision making process, or the skill of the adviser. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Further, back-testing allows the security selection methodology to be adjusted until past returns are maximized. Actual performance may differ significantly from back-tested performance.

Model Disclaimer: 

Model Performance Disclosure: The performance shown represents only the results of Williamson Asset Management, LLC’s model portfolios for the relevant time period and do not represent the results of actual trading of investor assets. Model portfolio performance is the result of the application of Williamson Asset Management, LLC’s proprietary investment process. Model performance has inherent limitations. The results are theoretical and do not reflect any investor’s actual experience with owning, trading or managing an actual investment account. Thus, the performance shown does not reflect the impact that material economic and market factors had or might have had on decision making if actual investor money had been managed. 

Model portfolio performance is shown net of the model advisory fee of 2%, the highest fee charged by Williamson Asset Management, LLC and sample trading costs based on a reasonable estimate of average brokerage commission cost. Performance does not reflect the deduction of other fees or expenses, including but not limited to brokerage fees, custodial fees and fees and expenses charged by mutual funds and other investment companies. Performance results shown include the reinvestment of dividends and interest on cash balances where applicable.

The data used to calculate the model performance was obtained from sources deemed reliable and then organized and presented by Williamson Asset Management, LLC. 

The performance calculations have not been audited by any third party. Actual performance of client portfolios may differ materially due to the timing related to additional client deposits or withdrawals and the actual deployment and investment of a client portfolio, the length of time various positions are held, the client’s objectives and restrictions, and fees and expenses incurred by any specific individual portfolio. 

Benchmarks: 

The Alpha Portfolio performance results shown are compared to the performance of the SPX Total Return index (S&P 500 stock index) The index results do not reflect fees and expenses and you typically cannot invest in an index. 

The SPX was chosen as the benchmark to the model portfolio because the options traded in the portfolio are options written or purchased on the index itself. 

The results do not represent actual trading and actual results may significantly differ from the theoretical results presented.